Improper Accounting Entries getting Generated for Inter Org Transfer (IOT) (Doc ID 1947658.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

While doing the Inter Org Transfer, the accounting entries are not created properly.

ACTUAL BEHAVIOUR
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Following accounting entries are not created:

Debit: Inventory Receiving A/C
Credit: Inter Org Payable A/C

EXPECTED BEHAVIOUR
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Following shoud be the acconting:

Debit: Inventory Receiving A/C
Credit: Inter Org Payable A/C

STEPS TO REPRODUCE
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1. Created item with inventory enabled and costing enabled.
2. item classification as capital good india
3. Created purchase order with excise tax and CST tax
4. Received the material into expense sub inventory ( inventory tracked, non asset sub inventory)
5. Created the IL inter org transfer with excise and CST taxes.
6. Received the material into another organization into expense sub inventory ( inventory tracked, non asset sub inventory)

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot knock off the accounting entries and period closure affected.

Cause

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